SEI Investments Company (NASDAQ:SEIC) Receives Average Rating of "Hold" from Analysts

Key Points

• SEI Investments Company has received an average analyst rating of "Hold", with four analysts recommending holding the stock and three recommending a buy.
• Insiders have sold a total of 50,000 shares of SEI Investments in the last three months, indicating significant activity among company leadership.
• SEI Investments reported $1.78 EPS for the last quarter, surpassing analysts' expectations and reflecting a 7.8% year-over-year revenue increase.

Shares of SEI Investments Company (NASDAQ:SEIC - Get Free Report) have been assigned an average rating of "Hold" from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $105.00.

Several equities analysts have weighed in on SEIC shares. Zacks Research cut shares of SEI Investments from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Oppenheimer lifted their price target on SEI Investments from $96.00 to $101.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Morgan Stanley increased their price objective on SEI Investments from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, September 19th. Raymond James Financial lifted their target price on SEI Investments from $115.00 to $118.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Finally, Piper Sandler dropped their target price on SEI Investments from $96.00 to $93.00 and set a "neutral" rating on the stock in a report on Thursday, July 24th.

Insider Activity

In related news, Director Carl Guarino sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $86.41, for a total value of $864,100.00. Following the completion of the sale, the director directly owned 16,042 shares in the company, valued at approximately $1,386,189.22. The trade was a 38.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Hicke sold 35,000 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $88.30, for a total transaction of $3,090,500.00. Following the completion of the sale, the chief executive officer owned 171,260 shares of the company's stock, valued at $15,122,258. The trade was a 16.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock worth $4,398,350 in the last three months. 14.30% of the stock is owned by insiders.

Hedge Funds Weigh In On SEI Investments

Institutional investors and hedge funds have recently bought and sold shares of the stock. CoreFirst Bank & Trust bought a new position in shares of SEI Investments during the 2nd quarter worth about $34,000. Addison Advisors LLC increased its stake in SEI Investments by 117.6% during the second quarter. Addison Advisors LLC now owns 457 shares of the asset manager's stock valued at $41,000 after acquiring an additional 247 shares during the period. Harbor Capital Advisors Inc. acquired a new position in SEI Investments in the 2nd quarter valued at approximately $45,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of SEI Investments by 252.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 507 shares of the asset manager's stock worth $46,000 after acquiring an additional 363 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of SEI Investments by 60.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager's stock worth $41,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 70.59% of the company's stock.

SEI Investments Trading Up 0.7%

NASDAQ SEIC opened at $85.70 on Monday. SEI Investments has a 1 year low of $64.66 and a 1 year high of $93.96. The company has a market cap of $10.59 billion, a PE ratio of 16.08, a PEG ratio of 1.30 and a beta of 0.98. The stock's 50-day moving average price is $88.03 and its two-hundred day moving average price is $83.85.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The asset manager reported $1.78 EPS for the quarter, topping the consensus estimate of $1.18 by $0.60. SEI Investments had a net margin of 31.25% and a return on equity of 29.96%. The company had revenue of $559.60 million during the quarter, compared to analysts' expectations of $550.72 million. During the same period last year, the company posted $1.05 earnings per share. The business's revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts forecast that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments Company Profile

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.